I think that the question you are trying to ask is . . . A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year(assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year ?
b. if the bank charger 5.3% interest each year ?
Answer:
(a) $7785
(b) $7897.5
Step-by-step explanation:
Given:
Loan = $7500
We need to find the balance of the loan be after one year(assuming the student has not made any payments yet).
The formula for amount or loan is
A = P( 1 + r)^t .... (1)
where, P is principle, r is rate of interest and t is time in years.
(a) If bank charges 3.8% interest each year.
r = 3.8% = 0.038
Substitute P=7500, r=0.038 and t=1 in equation (1).
A = 7500 (1 + 0.038)^1
A = 7500 (1.038)
A = 7785
Therefore, the balance of the loan be after one year is $7785.
(b) If the bank charger 5.3% interest each year.
r = 5.3% = 0.053
Substitute P=7500, r=0.053 and t=1 in equation (1).
A = 7500 (1 + 0.053)^1
A = 7500 (1.053)
A = 7897.5
Therefore, the balance of the loan be after one year is $7897.5.
Answer:
the sentence needs a punctuation mark
Explanation:
The sentence is made up of two clauses "Appearing almost like an alien planet," and "Edgar could see a huge grid of wind turbine in uniform rows and columns that stretched across the desert and the horizon." The second portion needs a period (or full stop). A period signifies where a sentence ends. Without a period, readers will be confused as they do not know where the sentence ends.
Answer:
oh I am just from Korea and I don't even know this language
sorry maybe .,.......
Explanation:
<h3>
<em><u>here</u></em><em><u> is</u></em><em><u> your</u></em><em><u> answer</u></em><em><u> Hope</u></em><em><u> you</u></em><em><u> will</u></em><em><u> enjoy</u></em><em><u> and</u></em><em><u> mark</u></em><em><u> </u></em><em><u>me </u></em><em><u>as</u></em><em><u> brainlist</u></em></h3>
<em><u>thank</u></em><em><u> you</u></em>
The answer to the following question:
<span>What is the best definition for the underlined word based on the following sentence? "Though her poems bear no blithe comments or happy outcomes, Emily Dickinson is still regarded as one of America's most talented poets of the nineteenth century." A. Intelligent B. Happy C. Prophetic D. Gloomy
is:
B. Happy</span>
Answer:
Maria and Juan describes as a country of Mexico.
Explanation:
